Elon Musk’s X has received the Rhode Island Currency Transmission License, clearing the way for the platform to provide crypto payments and trading services.
With the acquisition of the license, X will be able to give 400 million users across the world access to cryptocurrency trading and payments.
X To Offer Crypto Payments To Users
The crypto space has another reason to cheer after Grayscale’s victory against the United States Securities and Exchange Commission (SEC) on the 29th of August. X (formerly Twitter) has acquired the necessary licenses to offer its users cryptocurrency payments and trading services. The move comes after the social media platform allowed the integration of NFTs as profile pictures at the beginning of 2022. According to reports, X received the Rhode Island Currency Transmission License earlier this week. This comes a few months after the platform announced its plan to integrate crypto trading directly into its platform. The company announced in April, sta
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